Canada's VersaBank nabs Buy rating from Roth on U.S. market entry [Seeking Alpha]
VersaBank (VBNK)
Company Research
Source: Seeking Alpha
room for appreciation due to its entry into the larger, more profitable U.S. market. The lender, which is federally chartered in the U.S. and Canada, is expected to deploy its "proven risk-mitigated Point of Sale lending model into the U.S. to enhance leverage and deliver long-term value," Irwin wrote in a note to clients. That, in turn, should drive "moderate" multiple expansion and accelerate earnings growth, he added. That's despite the fact that VersaBank ( VBNK ) shares are already up about 22% this year and ~70% Y/Y. Seeking Alpha's Quant system gives the stock a valuation grade of "B," with the poorest mark in price-to-sales. Recommended For You Recommended For You More Trending News Related Stocks In The News Trending Analysis Trending News
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VBNK
News
- VersaBank (NASDAQ: VBNK) is now covered by analysts at Roth Mkm. They set a "buy" rating and a $18.00 price target on the stock.MarketBeat
- VERSABANK RECOGNIZED FOR CONTINUING LEADERSHIP IN BANKING TECHNOLOGYPR Newswire
- VERSABANK ANNOUNCES REDEMPTION OF NON-CUMULATIVE SERIES 1 PREFERRED SHARES (NVCC)PR Newswire
- 3 Top Undervalued Small Caps In Canada With Insider Action [Yahoo! Finance]Yahoo! Finance
- VersaBank (VBNK) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
VBNK
Earnings
- 9/5/24 - Beat
VBNK
Analyst Actions
- 8/27/24 - Keefe, Bruyette & Woods
VBNK
Sec Filings
- 9/26/24 - Form 6-K
- 9/25/24 - Form 6-K
- 9/5/24 - Form 6-K
- VBNK's page on the SEC website